Nano Magic (NMGX) Stock Price, News & Analysis
Company Description
Nano Magic (OTC Link: NMGX) is classified in the specialty chemicals industry within the Basic Materials sector and carries a market capitalization of $7.1M.
NMGX has declined 95.2% over the past year. Shares last traded at $0.0293.
For FY2023, Nano Magic reported revenue of $2.8M with net income of -$2.9M and diluted earnings per share of $-0.25. The company operates at a net profit margin of -102.6%.
This page collects what Stock Titan holds for NMGX, including price data, latest news, SEC filings, insider trading activity, financial highlights, upcoming events, and short interest trends.
Stock Performance
Nano Magic (NMGX) stock last closed at $0.0293. Over the past 12 months, the stock has lost 95.2%. At a market capitalization of $7.1M, NMGX is classified as a micro-cap stock with approximately 14.6M shares outstanding.
NMGX Rankings
Latest News
Nano Magic has 10 recent news articles. Of the recent coverage, 4 articles coincided with positive price movement and 1 with negative movement. Key topics include conferences, partnership. View all NMGX news →
SEC Filings
Financial Highlights
Nano Magic generated $2.8M in revenue in FY2023, retaining a 13.1% gross margin, operating income reached -$2.8M (-102.1% operating margin), and net income was -$2.9M, reflecting a -102.6% net profit margin. Diluted earnings per share stood at $-0.25. The company generated -$1.5M in operating cash flow. With a current ratio of 1.37, the company maintains adequate short-term liquidity.
Upcoming Events
Short Interest History
Short interest in Nano Magic (NMGX) currently stands at 5.1 thousand shares, representing 0.1% of the float. This relatively low short interest suggests limited bearish sentiment. With 1000.0 days to cover, it would take significant time for short sellers to close their positions based on average trading volume.
Days to Cover History
Days to cover for Nano Magic (NMGX) currently stands at 1000.0 days, up 95.1% from the previous period. This elevated days-to-cover ratio indicates it would take over two weeks of average trading volume for short sellers to exit their positions, suggesting potential for a short squeeze if positive news emerges. The days to cover has increased 26215.5% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 1000.0 days.
NMGX Company Profile & Sector Positioning
Nano Magic (NMGX) operates in the Specialty Chemicals industry within the broader Basic Materials sector and is listed on the OTC Link.
Investors comparing NMGX often look at related companies in the same sector, including California Nanotechnologies Co (CANOF), FendX Technologies Inc (FDXTF), Greystone Logist (GLGI), Hydromer (HYDI), and Crown Electr (CRKN). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate NMGX's relative position within its industry.